Malaysia long-haul low-cost carrier AirAsia X says there are no plans for a merger with parent AirAsia.
"As far as AirAsia X is concerned, nobody here is looking at [a merger]," says AirAsia X CEO, Azran Osman-Rani. "We've received no proposal from AirAsia."
In early June, AirAsia CEO Tony Fernandes brought up the possibility with Hong Kong's South China Morning Post newspaper, saying that "logically [AirAsia X and AirAsia] should be together but it has to be up to the board to decide." He then told ATI in an email that the suggestion was his "personal view."
AirAsia has a 16% stake in AirAsia X. Aero Ventures, which Fernandes started with other prominent Malaysians and Air Canada's Robert Milton, owns 48%. The other investors are Richard Branson's Virgin Group [16%], Bahrain's Manara [10%] and Japan's Orix [10%].